524 State St Petoskey, MI 49770
New
- Added:
- Apr 26, 2026
- Days on Market:
- 4
- Last Refresh:
- Apr 26 at 12:37 pm
Property Features for 524 State St
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1900
Listing agent Christopher Skrobeck (906) 360-4908
Listing office Van Treese Management LLC (906) 360-4908
Listing date Apr 26, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Van Treese Management LLC
Overview
Petoskey Multifamily Investment Opportunity
This classic, well-maintained 6-unit multifamily property is located in a walkable Petoskey neighborhood, conveniently close to downtown, schools, and employment opportunities. The property features a mix of renovated units with durable finishes. Recent upgrades include exterior paint, a rebuilt porch, foundation work, and a breezeway update. The property has city utilities, clean common areas, a covered front porch, and landscaped grounds. The current in-place rent is approximately $8,150 per month with stable tenancy. The property has a strong rental history and offers the opportunity to continue an interior refresh program to capture market rent on renewals and turns. The location has a walk score of 88, indicating it is very walkable, and a bike score of 44, indicating it is somewhat bikeable.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Petoskey
- County
- Emmet
- State
- Michigan
- Longitude
- -84.9517928
- Latitude
- 45.3715453
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 6-unit multifamily property near downtown Petoskey.
Where is this apartment building located?
The property is located at 524 State St Petoskey, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Very walkable location (Walk Score 88) near downtown, schools, and employment.; Stable tenancy with in‑place rent of ~$8,150/month.; Recent upgrades including exterior paint, porch rebuild, foundation work, and breezeway update.
